U.S. Gasoline and Diesel Fuel Prices Continue to Drop

  • U.S. Gasoline and Diesel Fuel Prices Continue to Drop

    The latest report from the US Energy Information Administration shows a continued drop in national fuel prices.

    The U.S. average price for regular gasoline has declined for five consecutive weeks. Prices dropped by over 2 cents to hit $2.70 per gallon, 3 cents higher than a year ago. Over the last five weeks, the price for regular gasoline has decreased by over 20 cents per gallon. The averages fell in all regions of the country with the East Coast price falling by about three cents to $2.66 per gallon. The Midwest and Rocky Mountain averages slipped two cents to $2.64 per gallon and $2.77 per gallon, respectively. The lowest price was found in the Gulf Coast at $2.58 per gallon, after a decline of more than 3 cents. The prices on the West Coast and in California dipped a penny and a half to $2.99 per gallon and $3.05 per gallon, respectively.

    The national average price for diesel fuel also fell for the fifth week in a row, dropping two cents to $2.93 per gallon, $0.36 above a year ago. Prices fell in all regions of the country as the East Coast declined two cents to $2.95 per gallon. The Midwest price dipped a cent to $2.89 per gallon. The Gulf Coast and Rocky Mountain averages fell about three cents to $2.87 per gallon and $2.99 per gallon, respectively. The average on the West Coast slid less than half a cent to $3.05 per gallon. In California, the average was unchanged at $3.07 per gallon.

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